Robert Benincasa

Chicago Symphony Orchestra cellist Dan Katz has two cellos. The better one — the one he prefers to play with the orchestra — is 200 years old and has rosewood tuning pegs. When the orchestra went on an 11-concert European tour in January, he purposefully left it home.

"I worry with that instrument about international travel now, because of those pegs," Katz said after rehearsing for a performance of Schubert's Ninth Symphony earlier this month.

A payday loan is a costly form of credit operating on the fringes of the economy. That's why the target of a new crackdown by federal regulators may surprise you: Instead of a forlorn-looking storefront with a garish neon sign, it's your familiar neighborhood bank.

A small but growing number of banks, including some major players, have been offering the equivalent of payday loans, calling them "deposit advances."

That is, at least, until bank regulators stepped in Nov. 21 and put new restrictions on the loans.